JE Cleantech Holdings Limited Subsidiary Completes Sale Of Singapore Leasehold Industrial Property For $5.68M, Realizing Net Gain Of ~$2.85M Over The Net Book Value

Author: Benzinga Newsdesk | November 18, 2025 09:13am

JE Cleantech Holdings Limited (NASDAQ:JCSE) announced today that JCS-Echigo Pte Ltd, a wholly-owned subsidiary of JE Cleantech Holdings Limited, has completed the sale of its leasehold industrial property located at 17 Woodlands Sector 1 Singapore 738354 (the "Industrial Property") for approximately SGD$7.39 million (USD$5.68 million). The sale of this Industrial Property gave rise to a net gain of approximately SGD$3.70 million (USD$2.85 million) over the net book value. The sale was to an unaffiliated third party, under the option to purchase agreement previously announced on December 17, 2024.

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